Malaysia-based International Centre for Education in Islamic Finance (INCEIF) is planning to expand into the Middle East and North Africa region, encouraged by the growing demand for executive programmes, Reuters has reported. Founded in 2005 by the Malaysian central bank, INCEIF plans to offer its programmes across several Arab Spring countries where Islamist parties have come into power, said Daud Vicary Abdullah, president and chief executive of INCEIF. "I see us in Egypt next year, depending on stability. In Tunisia and Morocco, the momentum will start in 2013," said Abdullah, ruling out plans for a standalone presence in the region. "We do not see an acquisition or investment in the short term, but rather working through collaborations and partnerships."